The Moorad Choudhry Anthology, + Website

Foreword

Rundheersing Bheenick

Professor Moorad Choudhry presented me a copy of his book, The Principles of Banking when he visited Mauritius to attend a banking conference which the Bank of Mauritius was hosting.

I was struck by his sound down‐to‐earth grasp of the banking scene and impressed by his academic and publishing track record. I made it a point to plough my way through his masterly tome and emerged thoroughly convinced that this book deserves a wide readership. It is, therefore, most welcome.

Banking has gone through exceptionally turbulent times over the last few years. The bankers who brought us the spectacular global financial crisis, their regulators who failed equally spectacularly, and the reformers of the banking and finance system tasked with ensuring that we minimise risks of such bust‐ups in future, have all been constantly in the news. The arcana of banking are no longer the exclusive preserve of specialists. There is keen and widespread interest to understand better what goes on in the mysterious world of banking.

This book sheds light on the subject. It returns us to basics. It is indeed a delight to have in one packed volume a text that sets out all that you wanted to know about doing the honest job of banking but perhaps did not have the nerve to ask.

As we still struggle to emerge from the 2007–2010 financial crisis in good shape, it is a boon to have such a clearly‐written guide on the fundamental principles of good banking practice. The Principles ...